SWIF Account Validation Services
Title:  

SWIF Account Validation Services

Agency:  

Commonwealth of Pennsylvania

State:  

Pennsylvania

NAICS Code:  

541512

Industry:  

Information Technology and Software Development

Solicitation Type:  

Request for Proposal

Solicitation ID:  

6100062752

Open Date:  

7/28/2025

Close Date:  

8/29/2025

Project Duration:  

1 year

Last Updated:  

8/17/2025

Description:
The Commonwealth of Pennsylvania is seeking a provider to deliver Account Validation Services to verify the existence, status, and identity of bank accounts for payment security. The provider must be qualified by the Pennsylvania Department of Treasury and meet the requirements outlined in the RFP. The contract will be a fixed-cost contract with a term of one year and the option to extend for four additional one-year periods. The provider will be responsible for performing at least 50% of the total contract value and assuming responsibility for all services offered in their proposal. • The provider must have experience in account validation services and meet the requirements outlined in the RFP. • The provider must be qualified by the Pennsylvania Department of Treasury to provide Account Validation Services to Commonwealth agencies. • The provider must have the ability to deliver a determination of the validity of a bank account and routing number. • The provider must have identity verification services that use additional details about the individual requesting the bank account addition or change to identify potentially fraudulent actors.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Samuel Messinger(Contact)

samessinge@pa.gov

Budget Estimate (AI):

$200,000 – $500,000

Based on the information provided, it's difficult to estimate the exact budget for this opportunity. However, considering the scope of work and the fact that it's a fixed-cost contract, a rough estimate could be between $200,000 and $500,000 per year, depending on the provider's experience and the complexity of the services required. The budget could be influenced by factors such as the number of bank accounts to be validated, the frequency of validation, and the level of identity verification services required.

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